RNS Number : 6626D
Carclo plc
23 June 2023
 

23 June 2023

 

Carclo plc

 

("Carclo" or the "Group")

 

 

Banking Covenant Adjustment

 

 

Carclo is pleased to announce that, following constructive discussions, it has reached agreement with its lending bank to amend the interest cover and net leverage covenants for the testing periods from June 2023 through to the maturity of the current facility in June 2025. This agreement remains subject to legal formalities which are expected to be concluded over the coming weeks.

 

Enquiries:

Carclo plc                             01924 268040

Frank Doorenbosch - Chief Executive Officer

David Bedford - Chief Financial Officer

 

LEI: 21380078MEM399JPI956

 

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").

 

 

 

About Carclo plc

Carclo plc is a public company whose shares are quoted on the Main Market of the London Stock Exchange. The Group  is a preferred and trusted partner of global customers, offering high-precision critical components that meet the needs of life sciences, aerospace, optics, and technology industries. 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCDZGZVGZZGFZZ